Crops Corporation (9428) Q3 2026 earnings summary

Executive summary

• Revenue rose 7.5% year-over-year to ¥48,645 million, driven by growth in mobile communications, building maintenance, and store subleasing, as well as high-margin real estate sales.

• Operating income surged 57.2% to ¥2,456 million, and net income attributable to shareholders increased 68.2% to ¥641 million year-over-year.

• Segment gains were broad-based, with notable profit growth in mobile communications, building maintenance, store subleasing, and real estate sales.

Financial highlights

• Revenue: ¥48,645 million (+7.5% YoY); Operating income: ¥2,456 million (+57.2% YoY); Ordinary income: ¥2,651 million (+57.5% YoY); Net income: ¥641 million (+68.2% YoY).

• Comprehensive income was ¥1,191 million, up 55.6% year-over-year.

• EPS for the period was ¥67.82, up from ¥40.32 in the prior year.

Outlook and guidance

• Full-year revenue forecast is ¥67,121 million (+9.0% YoY), with operating income of ¥3,201 million (+32.5% YoY) and net income of ¥1,177 million (+18.8% YoY).

• No changes to previously announced earnings or dividend forecasts.

• Annual dividend forecast is ¥25.00 per share.